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There's some innocence in your comment which I wish I still appreciated. I think the grittier reality is that a lot of these startups were based on generally me
by jksmith 10y ago
There's some innocence in your comment which I wish I still appreciated. I think the grittier reality is that a lot of these startups were based on generally mediocre ideas, but were funded anyway because of relationships and contacts.
I cringe every time I see another "Come help us change the world at..." or "Come help us reinvent blah blah" here on HN. Instant red flag to me, but I'll be damned if they didn't get funded anyway.
- komali2 10y agoI really wish I remember where I had heard it or maybe read it, but it was an investor's advice to new investors: "If the (startup) company comes in to the (investor) meeting with lots of color and excitement, turn him down. The guy that comes in and nearly bores you to sleep with his spreadsheets, he's the one to invest in."
- jksmith 10y agoImagine how many good ideas may have been lost because those pitching them didn't have any connections? They don't even get the chance to be boring.